Annual report pursuant to Section 13 and 15(d)

LEASES

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LEASES
 12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
LEASES LEASES
The significant components of operating lease expense are as follows:
Year Ended
December 31, 2019
(in thousands)
Operating lease cost $ 201,344   
Variable and short-term lease cost 133,526   
Sublease income (17,235)  
Net lease cost $ 317,635   

Supplemental cash flow information for our operating leases is as follows:
Year Ended
December 31, 2019
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities $ 183,723   
Lease assets obtained in exchange for lease obligations, net of terminations $ 417,394   

Future maturities of our operating lease liabilities at December 31, 2019 are as follows:
(in thousands)
2020 $ 194,811   
2021 185,273   
2022 180,865   
2023 178,322   
2024 161,583   
Thereafter 1,370,772   
Total lease payments 2,271,626   
Less: Interest 775,195   
Present value of lease liabilities $ 1,496,431   
The weighted average remaining lease term and weighted average discount rate for our operating leases are as follows:
December 31, 2019
Weighted average remaining lease term (in years) 13.9
Weighted average discount rate 5.88  %

As of December 31, 2019, we have additional operating leases that have not yet commenced with total lease payments of $218.2 million. These operating leases, which are not included on our consolidated balance sheets, have commencement dates ranging from January 2020 to December 2021 with lease terms ranging from 1 to 21 years.